XanGo Seeks Ouster of Davis in Lawsuit
5/22/2013
May 21, 2013 -- Bryan B. Davis, the XanGo co-founder who filed a lawsuit accusing his founding partners of asset mismanagement, intimidation and illegal activities including fraud and bribery, is now himself the subject of a lawsuit.
XanGo filed a complaint in Utah state court alleging that Davis engaged in inappropriate conduct and breached his ethical obligations as XanGo's corporate attorney by disclosing confidential company information to employees, distributors and competitors after he was fired in 2012. Davis, one of the six founding members of the 11-year-old company, remains on the XanGo board of directors. The complaint by XanGo seeks his removal from the board and an unspecified amount in compensatory and special damages.
According to XanGo, the board of directors was already preparing to sue Davis and the complaint is not in response to his recent lawsuit.